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COINTURK NEWS > Altcoin News > Binance Supports Upcoming Network Upgrades for Shentu and RIF
Altcoin News

Binance Supports Upcoming Network Upgrades for Shentu and RIF

In Brief

  • Binance supports Shentu and RIF network upgrades and hard forks.

  • Shentu upgrade scheduled for July 23, 2024, at 13:00 Turkey time.

  • RIF upgrade scheduled for July 24, 2024, at 13:00 Turkey time.

COINTURK NEWS
COINTURK NEWS 10 months ago
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Binance announced its support for upcoming network upgrades and hard forks for Shentu (CTK) and Rootstock Infrastructure Framework (RIF). This initiative ensures Binance’s platform remains aligned with the latest developments of these blockchain networks, enhancing user experience.

Contents
Shentu (CTK) Network UpgradeImportant Announcement for RIF

Shentu (CTK) Network Upgrade

The Shentu (CTK) network upgrade and hard fork are planned to occur at block height 19,525,000. This is expected to happen on July 23, 2024, at 13:00 Turkey time.

In preparation for this event, Binance will suspend deposits and withdrawals for Shentu (CTK) tokens from 12:00 Turkey time on the same day. This temporary suspension allows Binance to make necessary adjustments and technical updates without disrupting user transactions during the upgrade process.

Important Announcement for RIF

Following Shentu, the Rootstock Infrastructure Framework (RIF) network will undergo an upgrade and hard fork at block height 6,549,300. This is scheduled to take place on July 24, 2024, around 13:00 Turkey time.

Similarly, Binance will halt deposits and withdrawals for RIF tokens from 12:00 on that day. The pause will remain in effect until the upgrade is complete and network stability is confirmed, ensuring all technical requirements are met without compromising user security or functionality.

It is important to note that trading of Shentu (CTK) and Rootstock Infrastructure Framework (RIF) tokens will not be affected by these network upgrades. Binance assures users that all technical aspects related to these upgrades will be managed internally, ensuring a smooth transition without additional impact on trading activities. Deposits and withdrawals will resume once Binance verifies the stability of both networks post-upgrade.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 22 July, 2024 - 12:59 pm 22 July, 2024 - 12:59 pm
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